six interior improvements to increase the value of your property
With interest rates and home prices on the rise, home improvements done now will increase the return on investment in the long term, setting your home apart from others on the market while providing pride of ownership and boosting your quality of life in the interim. Here are six areas that you can renovate to increase your home’s market value:
Dakota Quay bold bathroom.
UPDATE YOUR BATHROOM
The powder room – one of the smallest rooms in your home could significantly impact your home. It’s a place to be bold and exciting, and it can be cost-effective. Simple improvements include painting the walls or adding wallpaper, updating fixtures, and installing new flooring.
Significant renovations, especially for primary bathrooms or ensuites, always have a high value and are a vital feature and selling point for potential buyers. These renovations can include revising the layout for more efficient use of space or creating a bespoke feel through custom elements such as built-in cabinetry and showers, feature lighting, high-end fixtures, and quality hardware.
Kitchen renovation at the Ritz-Carlton Deckhouse.
KITCHEN IMPROVEMENTS
This can include minor cosmetic improvements from upgrading cabinetry hardware, installing new countertops, and replacing appliances. “The kitchen is the heart of the home and a hub where we spend most of our time; therefore, the layout should be thoughtful and well-designed,” IDG Interior Designer Jeanette Bruck says.
Choose the scope of work you would like to complete wisely and trust the professionals to ensure these improvements are attractive and lucrative. When done correctly, major kitchen renovations can provide a high return on investment.
Warm lighting lifts this Beachcomber penthouse.
CREATE CONSISTENT LIGHTING
Overall, lighting provides ambiance and functionality. Confirm all rooms are well-lit. Specialty lighting can impact areas of the home that you would like to highlight. Ensure a consistent light temperature throughout, and do not mix warm (2700K to 3000K) and cool (3000K+) color temperatures. Hire a professional to ensure all electrical wiring is in order.
Flooring at this Vista Del Mar Residence.
FLOORING UPGRADE
Ask yourself, do all the flooring materials in your home relate, or are there many finishes that need to be more cohesive from years or phases of upgrades? “Consistency is critical, and a large format flooring with minimal grout lines is easier to maintain and install, creating a visual expanse,” IDG Interior Designer Jeanette Bruck says. Timeless materials will provide value for years to come.
Neutral wall color and feature wall at Stone Island.
WALL FEATURE
A fresh coat of paint can do wonders. Stick with consistent neutral colors throughout, clean up all baseboards and casings, and highlight areas with a feature wall using lighting, wallpaper, or well-placed wall art that enhances the style of the room or home.
Picturesque balcony at Seafire Residences.
REFRESH YOUR EXTERIOR
The first impression made is curb appeal. Simple and effective landscaping and proper maintenance can significantly impact your home’s value. Refinish or replace the entry door. A welcoming and comfortable front entrance area provides a sense of security and safety.
With more individuals working from home, extending the interior to the outdoors is an important purchasing decision for maximizing living space. Your patio, deck, or porch can now act as a bonus or flex area: an oasis for taking breaks, a secondary location to take calls or video meetings or for kids to work on their homework, a place that calls you to be active or breathe, an area to enjoy lounging, entertaining, or dining with family and friends. Create an outdoor experience.
Let IDG’s award-winning team help you get the most out of your budget. Read more about IDG’s services or book a complimentary consultation today.
